Zobrazeno 1 - 10
of 46
pro vyhledávání: '"Francisco J. Ruge-Murcia"'
Autor:
Francisco J. Ruge-Murcia
Publikováno v:
SSRN Electronic Journal.
This paper examines the asset pricing implications of sector-specific shocks in a multi-sector economy where heterogeneous firms interact in the markets for material inputs, investment goods, and final goods. The model is solved using a third-order p
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5fdf5029aa869e727160b82ca35f2e7a
https://doi.org/10.2139/ssrn.3883864
https://doi.org/10.2139/ssrn.3883864
Autor:
Jinill Kim, Francisco J. Ruge-Murcia
Publikováno v:
International Economic Review. 60:939-963
This paper studies the positive and normative implication of extreme shocks for monetary policy. The analysis is based on a small-scale new Keynesian model with sticky prices and wages where shocks are drawn from asymmetric generalized extreme value
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::77464c2921403a9539b98b3a2951d7b7
https://doi.org/10.1111/iere.12372
https://doi.org/10.1111/iere.12372
Autor:
Paul Beaudry, Francisco J. Ruge-Murcia
Publikováno v:
Canadian Journal of Economics/Revue canadienne d'économique. 50:1556-1572
This paper examines the intellectual environment in Canada that led to the adoption of inflation targets starting in 1991, reviews some of the Canadian contributions to the vast literature on inflation targeting and presents evidence in support of th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::53d0d7bb65ef57f91fcf2baa90e7161d
https://doi.org/10.1111/caje.12307
https://doi.org/10.1111/caje.12307
Publikováno v:
Canadian Journal of Economics/Revue canadienne d'économique. 51:799-801
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::06b0b148625048500cc64497e9a56a68
https://doi.org/10.1111/caje.12344
https://doi.org/10.1111/caje.12344
Autor:
Francisco J. Ruge-Murcia
Publikováno v:
Economics Letters. 197:109624
This paper examines the proposition that using a nonlinear – instead of a linear – auxiliary model for the indirect inference estimation of a nonlinear dynamic equilibrium model should deliver more efficient estimates and statistical inference. F
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::854f9fd62e5f7054e7beb2fc035a7e2c
https://doi.org/10.1016/j.econlet.2020.109624
https://doi.org/10.1016/j.econlet.2020.109624
Autor:
Jinill Kim, Francisco J. Ruge-Murcia
Publikováno v:
SSRN Electronic Journal.
This paper studies the implication of extreme shocks for monetary policy. The analysis is based on a small-scale New Keynesian model with sticky prices and wages where shocks are drawn from asymmetric Generalized Extreme Value distributions. A nonlin
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6bf5f257d803fce06b94f3e51eabd581
https://doi.org/10.2139/ssrn.3119554
https://doi.org/10.2139/ssrn.3119554
Publikováno v:
Economics Letters. 184:108565
This paper develops a model of committee decision-making where members of different expertise deliberate and share private information prior to voting. The model predicts that members truthfully reveal their private information and are willing to “
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::37566e82f95827d44f64d07f80aff341
https://doi.org/10.1016/j.econlet.2019.108565
https://doi.org/10.1016/j.econlet.2019.108565
Autor:
Francisco J. Ruge-Murcia
Publikováno v:
Journal of Economic Dynamics and Control. 36:914-938
This paper studies the application of the simulated method of moments (SMM) to the estimation of nonlinear dynamic stochastic general equilibrium (DSGE) models. Monte-Carlo analysis is employed to examine the small-sample properties of SMM in specifi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f552bc59d3292fa5c2945790e50bea74
https://doi.org/10.1016/j.jedc.2012.01.008
https://doi.org/10.1016/j.jedc.2012.01.008
Autor:
Francisco J. Ruge-Murcia, Jinill Kim
Publikováno v:
Journal of Economic Dynamics and Control. 35:2064-2077
Monetary policy in an economy with both downwardly rigid wages and a transaction motive for money demand is studied using a dynamic stochastic general equilibrium model. The two key features of the model imply that both Tobin's “inflation grease”
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7a5a39c73a1ef04ba6291c5e10a57130
https://doi.org/10.1016/j.jedc.2011.08.002
https://doi.org/10.1016/j.jedc.2011.08.002
Publikováno v:
International Economic Review. 50:1243-1266
This article constructs and estimates a sticky-price, Dynamic Stochastic General Equilibrium model with heterogeneous production sectors. Firms in different sectors vary in their price rigidity, production technology, and the combination of material
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::77289d6053925b7c1420ede6eb45f4a6
https://doi.org/10.1111/j.1468-2354.2009.00567.x
https://doi.org/10.1111/j.1468-2354.2009.00567.x